Apartment Building Financing in Austin, Texas
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We bring money from around the country to local marketplaces insuring the most likelihood of closing. We are a Commercial Loan Solution Specialist, the key is placing the borrowers with the lender that most suits that borrower’s strengths. We do it better than anyone with our Loan Matching Methodology™️!
Apartment Loan for Amounts above $10+ Million
90% Combined Loan To Value Hot Right Now is 90% CLTV: Blend of 1st and equity partner for loan amounts that are $10Mil to $50Mil. Terms can be up to 10 fixed with a 30 year amortization.
Apartment Loan for Amounts above $3 Million
Acquisition and Refinance Apartment Loan for HUD. 83.3% LTV are for apartment loans of $3 Million and above+. We can get you a FIXED rate in the 3’s to 4’s . You will save because of the low fixed rate and because the loan is amortized over 35 years!. The program is a no recourse loan and is assumable.
The HUD apartment financing program allows a seller carry up to combined loan to value of 92.5%
Apartment Construction/Rehab Loan up to 90% LTR for values of $3 Million and above. This program also has a great FIXED rate in the 3’s . The loan is fixed for 40 years and is amortized for 40 years. The program is a no recourse loan and is assumable.
Apartment Loan for Loan Amounts above $1,000,000.00+
Acquisition and Refinance up to 75% up to 80% LTV. 90% occupied has a variety of terms available from a 5 year to a 10 year fix with a 30 year amortization. The rates are very competitive. If the property does not have 90% occupancy but has 80% occupancy than we will either go Alternative or Hedge funding to close the loan.
Cash-out is possible up to 70% to 75% LTV on limited cases. The deal must very strong and have 2 years experience as a landlord.
Apartment Loan for Loan Amounts above $250,000
Acquisition and Refinance up to 80% LTV. The apartment loan has full recourse with 5 year fixed balloons and 30 year amortization.
Alternative Apartment Loan
Stated Acquisition for apartment loans is up to 75% LTV. Loan amounts $250,000 to $2,500,000, rates are in the single digits, terms typically 3,5, or 7 years with 30 year amortization.
Bridge Financing – 1st Mortgage if you need to close on the deal fast or have some sort of issue, go here
Mezzanine financing – 2nd Mortgage for loan amount above $50MM and located in major metropolitan areas
Equity Partners – also for loan amount above $50MM and located in major metropolitan areas
Service Areas
We lend nationwide. The minimum population is 25,000. We service the major metropolitan areas of Apartment Loan San Antonio, Apartment Loan Dallas, Apartment Loan Austin, Apartment Loan DFW and Apartment Loan Houston,including these fine municipalities in Williamson County: Round Rock, Georgetown, Cedar Park, Leander, Liberty Hills, Taylor, Hutto
Term Sheet
In order to issue a term sheet with in 5 business days, we need a complete package of the documents below:
- Completed and signed Personal Financial, including real estate owned and assets.
- Credit Report with credit scores dated within 30 days
- 3 years P&L or Tax Returns from the seller
- Year to date P&L
- Rent Roll
- Executive Summary explaining the amount needing, whether it is a purchase or a refinance, if is a discount note, the history of the property, if a refinance the date purchased and for how much, the year it was built, when the property was rehabed, the square footage, how many units, how many buildings, information about the area, where the building is located etc. and what the plans are for the future.
- Color Photos of building (interior & exterior).